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W SECTION 00430 • Bid Bond ow KNOW ALL MEN BY THESE PRESENTS, that we (BIDDER'S NAME) H ti: J CONTRACTING, INC. as Principal, and LIBERTY MUTUAL INSRUANCE COMPANY (SURETY'S NAME) a chose a corporation duly organized under the Laws of the State AM as a %%tueraty with its principal offices in the City of Boston. MA and authorized to do business in the State of r- Florida, are held and firmly bound unto INDIAN RIVER COUNTY (hereinafter called the OWNER) in the penal sum of *Five Percent of Amount B0611ars ($_******5Z****** ), lawful money of the United States, amounting to 5% of the total bid price, for the payment of which sum well and truly be made, we bind ourselves, our heirs, executors, administrators, and successors, jointly and severally, firmly by these presents. r Whereas said Principal is herewith submitting a Bid dated November 7 , 2007 , for the construction of: Project Name CR 512, PHASE IV ROADWAY IMPROVEMENTS County Project Number: 9611 Project Address: CR 512 (108"' Avenue to 1800 feet west of CR 510) Project Description: The project will consist of the widening of approximateix two miles .. of CR 512 to a four -lane divided highway between 108' Avenue and 1800 feet west of CR 510. Also included will be the installation of a new mast arm traffic signal at the intersection of CR 512 and108'" Avenue, the replacement of two existing span wire traffic signals with new mast arm traffic signals at the intersections of CR 512/101" Avenue and CR 512/Sebastian River Middle School driveway, the construction of retention ponds, rr landscaping and irrigation. 10 NOW THEREFORE, the condition of the above obligation is such that if the Principal does not withdraw said Bid within the period of time set forth in the Bid Documents, and on or before the fifteenth day after the Notice of Award, the Principal enters into a written contract with the OWNER in accordance with the Bid as accepted, and if the Principal gives the required bonds with good and sufficient sureties for the faithful performance and proper fulfillment of such Contract and for the protection of laborers and materialmen, then this obligation shall be null and void. Otherwise, the Principal and Surety, jointly and severally, shall on or before the ow sixtieth day after request by the OWNER, pay to the OWNER in money, the difference between the amount specified in said Bid and the amount for which the OWNER may procure the required work if the latter amount is greater than the former, together with any expense and reasonable attorney fees, including appellate proceedings, incurred by the OWNER if suit is brought hereon, but in no event shall Surety's liability exceed the penal sum hereof plus such expenses and attorney's fees. 40 IN WITNESS WHEREOF,.the above -bound parties have executed this instrument under their several seals this 7th day of November 20 07 , the name and corporate seal of each corporate party being hereto affixed and these presents duly signed by Its undersigned 4r. representative pursuant to authority of Its governing body. n F:IEnpineedng%CapW Pmlects19611-CR 512 VAdeningW611 CR 512 PHASE Nrontrect Documents100430 • Bid 80rM REV 04-07.dw